HOUSTON–(BUSINESS WIRE)–$HESM–Hess Midstream Partners LP (NYSE: HESM) (“Hess Midstream” or the “Partnership”), today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.3107 per common unit for the quarter ended September 30, 2017. The distribution represents the Partnership’s first distribution increase and a 3.6% quarterly increase compared to the Partnership’s minimum quarterly distribution of $0.3000 per unit. The distribution will be payable on November 13, 2017 to unitholders of record as of the close of business on November 3, 2017.
Tax Considerations
This release serves as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) that 100% of the Partnership’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Hess Midstream
Hess Midstream Partners LP is a fee-based, growth-oriented, traditional master limited partnership that was formed to own, operate, develop and acquire a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream’s assets are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Contacts
Investor:
Hess Midstream Partners LP
Jennifer Gordon, 212-536-8244
or
Media:
Sard Verbinnen & Co
Patrick Scanlon, 212-687-8080